Viacom Inc posted a better-than-expected profit, boosted by the film division. The New York-based owner of MTV Networks, Paramount movie studios and Nickelodeon cable channels said its second quarter profit fell less than 1 per cent to $434 million down from $437.3 million a year earlier. Revenue rose 13 per cent to $3.19 billion ahead […]

Disney has made its first acquisition in social networking buying Club Penguin, which operates an online virtual world for children, for a fee that could eventually rise to $700 million.The deal bolsters its presence in digital entertainment. Unlike social networking sites for older audiences, such as MySpace and Facebook, Club Penguin has a subscription-based business […]

Graeme Oxby has replaced Alan Gow as MD of Virgin Media. He will report to Neil Berkett, Virgin Media’s chief operating officer and will be responsible for driving Virgin Mobile’s consumer proposition and additionally its integration with Virgin Media.